Microsoft Miffed: Monumental Gaming Merger Muzzled by UK’s CMA

The UK's Competition and Markets Authority (CMA) has blocked Microsoft's proposed acquisition of US-based video game holding company Activision Blizzard over fears of stifled competition in the cloud gaming market.

What Happened?

Back in January 2022, Microsoft entered a £68.7 billion deal to buy Activision, one of the most popular video games publishers globally.